Question
Below is information related to Riverbed Company. Cost Retail Initial inventory $318,504 $279,000 shopping 1,363,000 2,117,000 marks 93,200 Dial Cancellations 16,400 sales 38,300 discount cancellations
Below is information related to Riverbed Company.
Cost | Retail | |||
| Initial inventory | $318,504 | $279,000 | ||
| shopping | 1,363,000 | 2,117,000 | ||
| marks | 93,200 | |||
| Dial Cancellations | 16,400 | |||
| sales | 38,300 | |||
| discount cancellations | 5,500 | |||
| sales revenue | 2.158.000 |
Required:
Calculate inventory by the conventional retail inventory method.
Ending inventory using the conventional retail inventory method $
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
